Home » Author Archives: NREH (page 294)

Author Archives: NREH

Court rules out FG’s claim to Ondo Land

Coming from the court, the Federal Government of Nigeria has lost ownership claim to a portion of a vast landed property, lying and being at Akure/Owo/Ilesa Road, Ondo State, on which the Federal College of Agriculture, Akure is located. However, the court said the government only has ownership right to 685.9 acres instead of its claim to 965.5 acres. It ...

Read More »

Ogun Homeowners’ Charter hijacked by fraudsters

Certificates of Occupancy

The efforts of the Ogun State Government to reduce the problems associated with land title documentation may have been hijacked by persons interested in defrauding the residents. Residents of some parts of Ogun State have raised the alarm that they are being visited by suspected imposters who pretend to be officials of the state government, and demand for money to ...

Read More »

Falling Oil Prices: Nigeria may double VAT

The federal government plans to double its value-added tax (VAT) and cancel government projects if oil prices continue to slide. Coordinating Minister for the Economy/Minister of Finance, Dr. Ngozi Okonjo-Iweala said this in an interview with The Wall Street Journal. According to OKonjo-Iweala, the country is reviewing some 6,000 ongoing projects to see which will be kept, delayed, or scrapped. ...

Read More »

Lagos petitioned by Yaba Community

Dwellers on Yeye Street, Iwaya in the Yaba area of Lagos State have petitioned the Lagos State Governor, Babatunde Fashola, the state’s House of Assembly and the ministry of justice, among others on the alleged blockade of the street by one Alhaji Wahab Adamson It was learnt that Adamson fenced the area after a court ruling which vested on him ...

Read More »

Every developer is a Local Government – UPDC boss

Real estate developers are always confronted with the perennial problem of being responsible for the provision of basic public amenities that should ordinarily be provided by the government in the bid for developers to make the houses they are constructing livable. This was the view of Mr Hakeem Ogunniran, Managing Director of UACN Property Development Company (UPDC) Plc, who in ...

Read More »

FG to commission Kashimbila multi-purpose dam in February

In its efforts to maximise opportunities such as potable water supply, agriculture, power, tourism, aviation, transport as well as trade & investment in the Kashimbila Multipurpose Dam for the benefit of the host communities and the country at large, the federal government is set to commission the Dam next month. The Minister of Water Resources, Mrs. Sarah Ochekpe made the ...

Read More »

The RENT-TO-OWN approach to buying property

I call this approcah the Rent-to-Own or Lease option. The beauty about rent-to-own is that it takes care of the challenge of the tenant. The dilemma about tenancy is that you can be a tenant in a house for thirty years, paying your rent as at when due. If by the thirty-first year you lose your job and cannot pay, ...

Read More »

FLOODING: Agbado Communities government intervention

The residents of Abule Oki and eight other adjoining communities in Agbado Oke-Odo Local Council Development Area of Lagos state have appealed to the state government to complete the dredging and concrete lining of the Aboru canal. According to them, the completion of the concrete lining of the Arigbanla canal has exposed, and put them at the mercy of a ...

Read More »

Property Tax in FCT approved by National Assembly

Significant reduction in construction activity in the FCT

The two chambers of the National Assembly have passed into law a bill which seeks the establishment of the Federal Capital Territory Internal Revenue Board. The bill, among others, empowers the Federal Capital Territory Administration to establish its own Internal Revenue Board which would have, among others, the legal powers to collect tax on property.According to the harmonised report of ...

Read More »

Lagos and Kano hit by Bird Flu

The Federal Ministry of Agriculture and Rural Development on Thursday announced that there had been unusual high mortality in two poultry farms and live bird markets in Kano and Lagos states. The ministry said the bird’s blood samples forwarded to the National Veterinary Research Institute tested positive for H5 Strain of Avian Influenza virus, otherwise known as bird flu, adding ...

Read More »